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Hackers claim ransomware attack on Los Angeles housing authority

TechCrunch LA

The Housing Authority of the City of Los Angeles, or HACLA, has confirmed it is investigating a cybersecurity incident shortly after the LockBit ransomware gang claimed responsibility for a cyberattack on the agency. LockBit’s claimed attack on HACLA marks the second major cyberattack on a Los Angeles city agency in recent months.

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Interview with Mike Napoli, Tech Coast Angels

socalTECH

In your opinion, are your angels more or less active this year? Investors are very focused on diligence, on business models that make sense, and those companies that have a definite competitive advantage and defensibility to what they're doing. Mike Napoli: We've revised the way we review companies at the prescreening stage.

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HBCUvc founder Hadiyah Mujhid on one way investors can advance racial equity

TechCrunch LA

Some firms have said that they’re going to turn to HBCUvc , a nonprofit organization that helps students from historically Black colleges and universities enter venture and tech. It held a city-based internship program with Los Angeles, which connects students to venture capital firms in the area.

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New York Auto Show delayed until August over coronavirus concerns

TechCrunch LA

Organizers of the 2020 New York International Auto Show have postponed the event until August due to concerns about the COVID-19 outbreak. The event will now be held August 28 to September 6, according to a statement from Chris Sams, the show’s spokesman. “For Javits Convention Center in New York City.

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Rocket Lab postpones next mission due to coronavirus pandemic

TechCrunch LA

National Reconnaissance Office (NRO), and a communications and tech demonstration satellite built by the University of New South Wales, Canberra Space and the Australian government. The launch is a rideshare mission that includes satellites from a range of customers, including NASA, as well as the US.

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SpotOn raises $300M at a $3.15B valuation and acquires Appetize

TechCrunch LA

billion — more than 5x of its valuation at the time of its Series C round, and significantly higher than its $1.875 billion valuation in May (yes, just three and a half months ago) when it raised $125 million in a Series D funding event. SpotOn is paying $415 million in cash and stock for the Los Angeles-based company.

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Bird launches Scoot Mopeds in Austin ahead of SXSW

TechCrunch LA

Initially the mopeds were piloted in Los Angeles, according to Bird. The Austin launch, which kicks off the week before the city’s SXSW music, tech, film and comedy festival begins, marks the official rollout of the Scoot Mopeds. Bird first unveiled the Scoot Moped in October following its acquisition of Scoot. ”